Northrop Grumman wins stealth bomber contract worth up to $9.9B

|About: Northrop Grumman Corporation (NOC)|By:, SA News Editor

Northrop Grumman (NOC +0.3%) won a five-year contract valued at up to $9.9B from the U.S. Air Force to modernize and support the B-2 stealth bomber, the Pentagon announced late yesterday.

The contract calls for B-2 enhancements, software maintenance, and other support services, including scheduled maintenance of the bombers.

The Defense Department has expressed a need for 80-100 new bombers, and NOC faces competition from the team of Boeing (BA) and Lockheed Martin (LMT), which last October announced a partnership to compete for the LRS-B program that will replace the B-2.